Rohit Chopra News
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Republican members of the Financial Committee have expressed their support for President Donald Trump's decision to remove Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB). In a letter to the President, they praised the appointment of U.S. Treasury Secretary Bessent as the Acting Director of the CFPB, emphasizing a shift towards aligning the agency's operations with the goals of the Trump administration. Several Republican representatives characterized Chopra as a 'rogue regulator' and indicated that this change presents an opportunity to refocus the CFPB's mission. Some members have also called for Congress to pass legislation to defund the CFPB entirely, asserting that the agency operates without sufficient accountability. The CFPB is funded by the Federal Reserve, raising questions about the mechanics of defunding it without Congressional approval.